Restricted Trading & Market Manipulation Claims against Robinhood, Webull, Interactive Brokers, TD Ameritrade, E*Trade, Schwab & Other Trading Platforms
BREAKING NEWS: LEVIN PAPANTONIO RAFFERTY Investigates Restricted Trading & Market Manipulation Claims against Robinhood, Webull, Interactive Brokers, TD Ameritrade, E*Trade, Schwab & Other Trading Platforms.
On January 28, 2021, Robinhood announced that it was restricting transactions in certain securities to closing positions only, and raising margin requirements. Customers of Robinhood and other popular trading platforms allege that they were being blocked from purchasing shares of securities such as GameStop ($GME), AMC ($AMC), BlackBerry ($BB), Bed Bath & Beyond ($BBBY), Nokia ($NOK), and other securities that are being heavily shorted by institutional investors. Allegations suggest that as a result this artificial market constriction, prices of the aforementioned securities fell dramatically, and some investors were significantly damaged. In addition, some brokerage firms created further pressure for investors by raising margin requirements at the same time restrictions on securities trades tightened.
New York Attorney General Letitia James (D), in a statement, Thursday said her office was “reviewing” trading on the Robinhood app relating to GameStop stock.
Levin Papantonio Rafferty represents clients who suffer investment losses, and has recovered millions of dollars in compensation in state court, federal court and FINRA securities arbitration.
If you've been hurt financially by Robinhood or other Broker-Dealers who have limited or blocked trading on your account, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
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At a time in our life when we were most vulnerable we lost control of our finances. We fell victim to a broker that took huge commissions and did not disclose that we were not able to access our money. Peter Mougey and his wonderful staff worked with us to make us whole again and got our money released. I cannot say enough about their work ethic, professionalism, and kindness during this stressful time for us. We had a 100% positive conclusion to our case and we strongly recommend Peter and the firm. We can now sleep at night! Fred & Pat H.
My husband and I were very pleased with the work that Peter and his team provided. He was very knowledgeable of the circumstances of our case and kept us informed throughout the process. He is extremely qualified and worked diligently on our behalf. We are positive that this case would not have been resolved in our favor had it not been for Peter's expertise and his passion. He definitely cares about his clients and we sincerely appreciate his efforts. Rachel C.
FRS is a governmental body. FRS retained the services of Peter Mougey of the LP law firm in a multimillion dollar lawsuit involving extremely complex issues. Mr. Mougey quickly mastered the issues and gave advice that was vital in bringing about a successful resolution. Two of the most important features of Mr. Mougey’s representation was his understanding of government and his ability to communicate complicated legal concepts to a 10-member board of trustees in language that was easily understood by all. I did not know Mr. Mougey before FRS retained him and, fortunately, have not experienced circumstances where the system would need his services again. However, if needed, I would have no hesitation in retaining his services again. Please let me know if you need any additional information or assistance. Steven S.
Edison's famous adage can't ever be ignored of course: 1 part inspiration and 99 parts perspiration. However the two attitudes must be present indissolubly--both are essential--if results are to be obtained. Peter Mougey’s group is aware of such a requirement, they work very hard at the latter, and the former comes easily to them, a rare combination anywhere to be found indeed. Raphael B.
I would like to express my sincere gratitude to Peter Mougey and your entire team on behalf of my family for the amazing job done during your representation. From day one I received kindness, rapid responses to all of my questions, with polite and patient encounters with all of your staff assistants. You are the best- and I will be eternally grateful to you and your entire team. Michelle E.